Carbios (ALCRB) H1 2025 earnings summary

Executive summary

• Maintained a strong cash position of €72 million as of June 30, 2025, ensuring over 12 months of liquidity.

• Reduced operating expenses through a focused cost-saving plan in H1 2025.

• Confirmed commitment to build a PET biorecycling plant in Longlaville, with construction resuming before end-2025, pending funding.

• Benefited from favorable regulatory changes in France supporting recycled plastics.

Financial highlights

• Net loss for H1 2025 was €23.5 million, compared to €18.1 million in H1 2024.

• Current operating loss improved to €17.6 million from €20 million year-over-year, mainly due to cost reductions.

• Revenues from ordinary activities reached €6.2 million, offset by €3 million in restructuring costs and €0.8 million in financing costs.

• Net cash consumption was €18.1 million in H1 2025, down from €102.1 million in 2024.

• Cash and cash equivalents stood at €72 million at June 30, 2025.

Outlook and guidance

• Construction of the Longlaville plant expected to resume before end-2025, with commissioning in H2 2027, subject to funding.

• Ongoing efforts to secure pre-sales and additional non-dilutive funding to enable project restart.

• Licensing commercialization remains a strategic focus, supported by technological maturity and partner negotiations.